GE Renewable Energy is to supply turbines totalling 100MW to the second phase of DTEK Renewables’ Primorskaya wind farm in Ukraine.
The project, located in the southern region of Zaporizhia, will comprise 26 3.8-137-110H machines.
Phase two is expected to come online at the end of the third quarter of this year.
GE also provided 26 3.8-130-110HH turbines for the 100MW first stage of the project, which is already operational.
GE Renewable Energy onshore Europe/SSA leader Peter Wells said: “We are excited to be working with DTEK again on phase two of the wind farm project in Ukraine.
“By supplying some of GE’s most innovative wind turbines, the project will enable affordable, reliable and clean energy to the residents and businesses of the Zaporizhia region.”
Primorskaya 2 has also reached financial close in a deal worth €90m with a consortium of German banks.
The transaction was facilitated by GE Capital’s Global Capital Advisory business, with the consortium led by Bayerische Landesbank and two other German banks KfW IPEX-Bank and ODDO BHF Aktiengesellschaft.
German export credit agency (ECA), Euler Hermes, which is acting on behalf and for account of the Federal Republic of Germany and will provide export credit insurance for the senior debt alongside the Spanish ECA, CESCE, which will deliver reinsurance to Euler Hermes for approximately one-third of the financing.
The insurance from the German and Spanish ECAs supports key turbine components that will be made in Germany and Spain.
The nacelles will be built at GE’s facility in Salzbergen, Germany, with the blades and towers manufactured in Ponferrada and Bilbao, Spain, respectively.
GE Capital managing director Guto Davies said: “Reaching financial close ensures the completion of the project and illustrates the confidence of European financial institutions to invest in key renewable projects in emerging markets.
“Primorsk highlights GE’s capability in connecting finance and technology to game-changing renewable projects in complicated markets looking for clean and sustainable energy sources for the future.”
DTEK Renewables chief executive Philipp Leckebusch said: “DTEK has proven once again its status as a key investor in the renewable energy sector in Ukraine.
“Last year, the company’s investments accounted for about a half of the total investments in the renewable energy sector.
“The latest loan-based financing for the construction of the Primorskaya WEP strengthens the company’s role as a long-term partner for leading international financial institutions and industrial equipment supply companies.
“By providing financing for state-of-the-art and innovative solutions we continue to contribute to the transformation of Ukraine’s energy sector and to support its energy independence.”